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B4 the Bell Fryday, Aug 27, 2004


Guest yobob1

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33 minutes to get the first +1000

Impressive power up since the 13th

Watch them jam into month end.

Exhaustion setting in anyone?

Its been so ugly for the bears standing in front of this train

Looks like they are going for the 200 day spoos having conquered the 50

Just a few points to go.

 

B4 picked a great time to escape the matrix.

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You have to remember that the heads of the central banks of the world get together, and they talk, and they plan. These guys have jobs to do, and their main job these days is to keep the good times rolling -- for at least, as long as they can. And, of course, these central bankers like their prestigious jobs, and they love the perks that go with their jobs. So they are married to paper money, and fearful of gold.

 

The central bankers know that the US's huge deficits would normally put enormous pressure on the dollar. They know that a collapse of the world's reserve currency would be a disaster for the US and for the rest of the world. Thus, a strange and exotic system has arisen. The system works like this -- these foreign nations agree to take in the US's paper dollars, because that keep's the system going in that it allows their countries to continue selling goods to the US, which in turn creates jobs. The central bankers, mostly Asians, hope to keep this weird system going as long as they can. After all, the alternatives are too awful to contemplate.

 

- Russell, yesterday

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Question -- What about gold?

 

Answer -- Gold in the system would act as a discipline, and what's going on now could not go on if there was any discipline. The central bankers want to be free to produce as much paper money as they want. This process, of course, entails the total avoidance of any discipline.

 

Many gold-bugs claim that gold is now being manipulated. The central banks won't deal with this subject. As for me, I don't give a damn about gold manipulation, because I view gold as a long-term holding and as insurance against an eventual collapse of paper money. Manipulation, if indeed gold is being manipulated, can only work for a limited period of time -- or until the monetary dam breaks.

 

In the meantime, gold, for whatever reason, remains cheap in terms of the amount of dollars and other currencies that are being created. So we should be grateful for low-priced gold. The low price of gold allows us to accumulate it at bargain prices and at our leisure.

 

- Russell

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You have to remember that the heads of the central banks of the world get together, and they talk, and they plan. These guys have jobs to do, and their main job these days is to keep the good times rolling -- for at least, as long as they can. And, of course, these central bankers like their prestigious jobs, and they love the perks that go with their jobs. So they are married to paper money, and fearful of gold.

 

The central bankers know that the US's huge deficits would normally put enormous pressure on the dollar. They know that a collapse of the world's reserve currency would be a disaster for the US and for the rest of the world. Thus, a strange and exotic system has arisen. The system works like this -- these foreign nations agree to take in the US's paper dollars, because that keep's the system going in that it allows their countries to continue selling goods to the US, which in turn creates jobs. The central bankers, mostly Asians, hope to keep this weird system going as long as they can. After all, the alternatives are too awful to contemplate.

 

- Russell, yesterday

The metaphor of "free crack pipes" being provided to addicts comes to mind.

 

American's were born and bred to consume. "The American Way Of Life" is best summed up in one word..."SHOPPING"

 

The American Consumer has been the catalyst of global growth. Their success depends on keeping the American Consumer propped up and CONFIDENT.

 

Consumers are addicts, Shopping is the addiction, Credit is the CRACK PIPE, China is the SUPPLIER, Greenspan is the DEALER and shiney new toys at rock bottom prices (BARGAINS) are the Buzz.

 

CONSUMERS = ADDICTS

SHOPPING = CRACK

CREDIT = CRACK PIPE

CHINA = SUPPLIER

GREENSPAN = DEALER

BARGAINS = BUZZ

DEPRESSION = COLD TURKEY WITHDRAWALS

 

any questions?

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Guest yobob1

Greenspan soon to be the target of AARP

 

Returning to a politically explosive issue that he has addressed a number of times this year, Greenspan said that it was wrong for the government to hold out the promise of more retirement benefits than it is capable of providing.

 

He said this issue was particularly critical given the impending retirement of 77 million baby boomers born in the two decades after World War II.

 

"As a nation, we owe it to our retirees to promise only the benefits that can be delivered," Greenspan said in opening remarks to a two-day conference sponsored by the Federal Reserve Bank of Kansas City on the challenges posed by aging populations.

 

"It appears as of now that what we as a nation can afford is about two cans of catfood a month and maybe a sweater if they don't mind a few holes. If we let Dr. Kevorkian loose we might be able to up that to three cans a month."

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33 minutes to get the first +1000

Impressive power up since the 13th

Watch them jam into month end.

Exhaustion setting in anyone?

Its been so ugly for the bears standing in front of this train

Looks like they are going for the 200 day spoos having conquered the 50

Just a few points to go.

 

B4 picked a great time to escape the matrix.

Mebbe they'll just jam till the 13 wk cycle high??

 

Regarding bad news, er noise, compare the impact it has currently with last month, thats right it gets bought

 

Gotta have faith in the cycles, fcuk business, believe in the anals

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Looks like some new biological agents are to be tested next week under urban conditions:

 

Health agencies alerted physicians Friday to report any illnesses among people connected with the Republican National Convention.

 

?Beginning immediately, any patient that presents respiratory, flu-like symptoms or any disease out of the ordinary for this region and has been in close proximity to the (Republican National Convention) must contact our department immediately,? Gruchacz said.

 

"Our federal colleagues have informed us that the time between the national convention and the election is a heightened? period for security.

 

Could the script be any clearer?

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LLD:

 

As predicted, on a light volume Friday......

 

Stocks up: Check

 

U.S. Peso up: Check

 

T-Bone Yields Down: Check

 

Gold down: Check

 

Silver down: Check

 

Oil down: Check

 

Clean Sweep for The Matrix so far today......................

 

6 for 6...............

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